Supply Chain Management Study Guide Test 1

Supply Chain Management Study Guide Test 1 - Supply Chain...

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Unformatted text preview: Supply Chain Management Study Guide MODULE 01 Define Supply Chain Management. What are the keys to successful SCM? Efficient integration of suppliers, transporters, manufacturers, warehouses, retailers and all other parties associated with delivery of the final product. Goals - Increase revenue, Lower Cost, Maximize Value, Increase Productivity, Quality, Speed, Flexibility, Eliminate waste, Minimize inventory Operations Management, Logistics, and Procurement? Can you provide examples of the responsibilities of each? Procurement- The process of obtaining services, supplies, and equipment in conformance with corporate regulations. Examples of duties: Supplier selection, Purchasing negotiations, Supplier relationship management, Materials/Inventory management. Operations Management- Design, Operation, and Improvement of PRODUCTION SYSTEMS that Efficiently transform INPUTS into Finished Goods and Services, Maximizing Productivity. Examples of duties: Process management, Plant management, Capacity planning resources, speed, Scheduling jobs/people, Waiting line management, Process improvement projects Logistics- is the COORDINATED Planning and Execution of the following. Product Distribution throughout the Supply Chain Who gets what? When? How? Preparation of Packaged Product, Movement Itinerary (Transport), Storage Itinerary (Warehousing) Examples of duties: Distribution/Warehousing, Infrastructure Mgmt, Packaging, containerization, transportation, documentation, Third party management and communication. Beyond the traditional supply chain areas, who does supply chain need to work with? What does slide 18 demonstrate? The process chart from supplier to customer. What is reverse logistics? Reverse logistics is the process of planning, implementing, and controlling the efficient, cost effective flow of raw materials, in-process inventory, finished goods and related information from the point of consumption to the point of origin for the purpose of recapturing value or proper disposal. Examples : Remanufacturing and refurbishing , and the sale of surplus. What are the challenges associated with growth? In this capitalistic market whenever a company comes up with a new idea, and moves forward, the market quickly catches up to them. Growth requires financial backing. A Supply chain system that works on a small scale might be harder to replicate on a large scale. Corporations Goals and Terminology Slides 04-13, 20-21 What are the primary goals of a business? How can they be achieved? Primary Goals- Sustainable Long-term Profits AND Maximize Return on Investment How this is achieved- Increase Revenue: Provide customer VALUE Control Costs: Increase PRODUCTIVITY, Eliminate Waste Develop Core Competencies: Primary Skill or Knowledge, Intangible. Difficult to learn, copy, acquire. (Intangible!) What is importance of each corporate stakeholder? What is their relationship to SCM?...
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This note was uploaded on 01/07/2012 for the course SUPPLY CHA 300 taught by Professor Daviddavilla during the Spring '10 term at ASU.

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Supply Chain Management Study Guide Test 1 - Supply Chain...

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